Michigan’s Medicaid expansion has helped improve the financial and physical health of people enrolled in the program. That’s according to a new study published by the National Bureau of Economic Research.
The study found that after people enrolled – their signs of financial stress started to decrease.
Sarah Miller is a professor at the University of Michigan – she worked on the study. She says improved financial health – like a higher credit score – can allow people to borrow money in cheaper ways and maybe even get a car so they can drive to work.
“That’s a potentially important way that people can be made better off by this.”
Researchers tracked changes in people’s financial health using data from the state. But the researchers did not have access to individual’s identities.